FD Interest Rate: Fixed deposit is a great option for investment. In this, an amount is deposited in the bank at a fixed interest rate for a fixed period of time.
FD Interest Rate: Fixed deposit is a great way to invest and increase money. Small finance banks are at the forefront in terms of giving interest on these. Nowadays many small finance banks are giving higher interest on FDs as compared to private and government banks, so it is becoming a favorite of investors.
North East Small Finance Bank is offering interest up to 9.00 percent per annum on fixed deposits with a period of 546 days to 1111 days. Unity Small Finance Bank is at the second place in the list, which is giving interest at the rate of 9.00 percent per annum on fixed deposits of 1001 days.
According to the data given on Paisabazaar, there are at least 11 banks in the country which are currently offering 8% or more interest on deposits. Information about these banks is being given here.
These small finance banks are leading in terms of interest on FDs
- Northeast Small Finance Bank: 9.00 percent interest on FDs of 546 days to 1111 days
- Unity Small Finance Bank: 9.00 percent interest on FDs of 1001 days
- Suryoday Small Finance Bank: 8.60 percent interest on fixed deposits of 2 years to 3 years
- Jan Small Finance Bank: 8.25 percent interest on FDs of 1 year to 3 years
- Utkarsh Small Finance Bank: 8.50 percent interest on FDs of 2 years to 3 years
- Equitas Small Finance Bank: 8.25 percent on FDs of 888 days
- Ujjivan Small Finance Bank: 8.25 percent on FDs of 12 months
Private sector banks are giving this much interest on FDs
- Bandhan Bank: 8.05 percent on FDs of 1 year percent
- IDFC First Bank: 7.90 percent on FDs of 400 to 500 days
- RBL Bank: 8.00 percent on FDs of 500 days
- DCB Bank: 8.05 percent on FDs of 19 months to 20 months
- IndusInd Bank: 7.99 percent on FDs of 1 year 5 months to less than 1 year 6 months
- HDFC Bank: 7.40 percent for 4 years 7 months (55 months)
- ICICI Bank: 7.25 percent for 15 months to 2 years
Interest rate of government banks on FDs
- Bank of Maharashtra: 7.45 percent for 366 days
- Central Bank of India: 7.50 percent on FDs of 1111 or 3333 days
- Bank of Baroda: 7.30 percent for 400 days – Bob Utsav
- Bank of India: 7.30 percent for 400 days
- Canara Bank: 7.40 percent on FDs of 3 years to 5 years
- Indian Bank: 7.30 percent for 400 days – IND SUPER
- Union Bank of India: 7.30 percent for 456 days
- Interest of foreign banks on FDs
- Deutsche Bank: 8.00 percent for a period of 1 year to 3 years
- HSBC Bank: 7.50 percent for 601 to 699 days
- Standard Chartered Bank: 7.50 percent for 1 year to 375 days
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